There are probably very few Americans who realize that raising the debt ceiling has to do with paying off the obligations of our past expenditures that are coming due and not our future expenditures, that will come later on. There are even fewer Americans who know we would not be dealing with a $14 trillion debt had the Bush 43 administration followed in President Clinton's footsteps and balanced the federal budget during his term in office. Bush could have done so had he wanted to and that tells the true story of the conservative ideology and what they are really up to.
Today's leaders of the republican party in congress are the same leaders when Bush was in office. Their current position of cutting the budget concerning the debt ceiling has nothing to do with the debt ceiling or balancing the federal budget. Lets look at Mitch McConnell's latest statement as reported by the AP on July 13. McConnell said that if congress fails to act, Obama would have a good opportunity to blame it on the republican party. He also said his first choice was to reach a good compromise with Obama. His second choice and obligation would be to his party and prevent his party from not getting sucked into a position politically that would allow the President to be reelected.
McConnell's first choice has no merit since he and his party will not compromise. Obama gave them the chance to do so. His second choice really tells what he and his party is all about. It's about republican ideology and their desire to see Obama defeated in the next Presidential election. Neither of his two choices concern what is good for America or its people and the people he represents. And that comes from his own mouth.
It should be noted the debt ceiling was raised many times during the Bush 43 administration and not once did the republican controlled congress require spending cuts to raise the debt ceiling. They never saw a record federal deficit they did not love when their party ran the country.
